[quote=Stupendous Man;2976606]
So if in the future a new pension comprises of say 3% NATS input and 15% staff input (just making up numbers here) and our old one stays at the same rates what do you think will happen when management puts a deal on the table that goes like this
1% on basic pay
plus a reduction in staff contributions to the new pension of say 3% and the company will increase their own contributions to make up the shortfall for 3 years.
In effect a 4% pay rise for everyone in the new scheme, but 1% for those of us in the old.
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I cant see that happening very often, cause their rate is going to be fairly low, if it is worse than the current scheme... and if it isnt they wont be able to try and pursuade people to transfer over.
DP - the rate is 12.8% of people´s pay, not the value of the scheme. Employees pay 6%, employer 12.8% at the moment...
James.